Suzlon Energy, a leading player in India’s wind energy landscape, continues to capture investor attention amid fluctuating market conditions. As of August 21, 2025, the company’s shares have experienced notable volatility, reflecting broader trends in the renewable energy sector. Investors eagerly track Suzlon Energy latest news, share price movements, and expert analyses from firms like Crisil and Axis Securities. This comprehensive article delves into the recent developments, financial performance, industry reports, and future outlook for Suzlon Energy. We explore how factors like electricity demand in India, wind project performance, and strategic business decisions shape the company’s trajectory. Whether you’re a seasoned investor or new to the stock market, this analysis provides actionable insights into Suzlon Energy’s position in the evolving green energy market.
Suzlon Energy Share Price Performance: Recent Dips and Historical Gains
Suzlon Energy’s stock has faced significant pressure in recent weeks, mirroring challenges in the broader market. On August 21, 2025, the shares closed at around Rs 58.05, marking a decline of about 2.81% from the previous day’s close. This drop extends a four-day losing streak, during which the stock slid by approximately 11%. Investors have watched as the share price fell from highs near Rs 60 earlier in the month, influenced by profit-taking from large fund houses and overall market instability.
Looking back over the past month, Suzlon Energy shares have dropped by nearly 10%, with a 2.33% decline over the last three months. The one-year performance shows a steeper fall of about 24.1%, indicating sustained pressure. However, this short-term gloom contrasts sharply with the company’s longer-term success. Over three years, Suzlon has delivered an impressive 595% return, nearly 600% growth that has rewarded long-term holders handsomely. Extending the view to five years, the stock emerges as a multibagger, boasting a staggering 1,145% return. These figures underscore Suzlon’s resilience and its ability to generate substantial wealth for patient investors.
What drives these fluctuations? Market analysts point to several factors. Foreign institutional investors (FIIs) have reduced their exposure amid global uncertainties, creating selling pressure. Additionally, the resignation of Group CFO Himanshu Mody, effective August 31, 2025, has rattled some investors. Mody’s departure comes at a time when the company navigates key transitions, though Suzlon assures a smooth handover with a successor announcement soon. Despite these headwinds, the stock opened positively at times, such as starting at Rs 60 on certain days, only to lose momentum due to broader market sentiment.
Promoter holdings have also shifted, decreasing from 13.25% to 11.74% in the June 2025 quarter, which some view as a signal of strategic repositioning rather than distress. Overall, while short-term traders face risks, the historical performance suggests Suzlon remains a compelling option for those betting on India’s renewable energy boom.
Suzlon Energy Q1 FY2026 Results: Strong Revenue Growth Amid Profit Moderation
Suzlon Energy recently unveiled its Q1 FY2026 results, showcasing robust operational growth that aligns with the company’s focus on expanding its wind turbine business. The company reported a consolidated net profit of Rs 324 crore, up 7.29% year-on-year (YoY) from Rs 302 crore in the same quarter last year. This marks a solid, if not spectacular, improvement, especially considering the 72.57% quarter-on-quarter (QoQ) drop from Rs 1,182 crore in the previous quarter—a seasonal variation common in the sector.
Revenue from operations surged by 55% YoY to Rs 3,132 crore, driven by higher wind turbine sales and increased deliveries. Suzlon delivered 444 MW in the quarter, a significant jump from 274 MW a year ago, reflecting enhanced execution capabilities. EBITDA climbed 62% to Rs 599 crore, with margins improving to 19.2% from 18.4%, highlighting operational efficiency gains. Profit before taxes stood at Rs 459 crore, underscoring the company’s ability to generate healthy cash flows.
Key highlights include Suzlon’s record orderbook of 5.5 GW as of May 2025, with 80% comprising commercial & industrial (C&I) and public sector unit (PSU) orders. This backlog positions the company for sustained growth, as India ramps up its renewable capacity. The company has also eliminated all debt, a milestone that strengthens its balance sheet and reduces interest burdens. Investors often question why Suzlon hasn’t declared dividends despite turning profitable and becoming debt-free. Management attributes this to reinvesting profits into business expansion, such as scaling manufacturing and securing new projects, to capitalize on the growing demand for clean energy.
Analysts like ICICI Securities remain bullish, recommending a “Buy” with a target of Rs 76, citing the strong order pipeline and improving execution. Motilal Oswal, however, trimmed its target slightly due to short-term negatives like the CFO exit but still sees upside potential. These results affirm Suzlon’s strategic pivot toward higher-margin projects and technological advancements in wind turbines.
Crisil Rating Report: Insights into Wind Energy Challenges and Opportunities in India
A recent Crisil Ratings report has sparked discussions in the renewable sector, highlighting underperformance in wind energy projects while affirming the stability of developers’ credit profiles. The report reveals that over the past five years, about 60% of wind projects in India have failed to meet the P90 performance standard—a key metric indicating that a project should achieve at least 90% of its expected output based on historical wind data. In fiscal 2025, 45% of wind assets lagged P90 by over 3 percentage points, with only 8% exceeding it. Factors like reduced wind speeds, climate change impacts, and shifting weather patterns contribute to this shortfall.
Despite these operational hurdles, Crisil notes that developers maintain strong credit quality. Leading companies have kept debt-to-EBITDA ratios between 5 and 5.5 times, ensuring sufficient cash flows (1.2-1.3 times) for debt repayment. Associate Director Ankush Tyagi from Crisil emphasized that operational leverage remains comfortable, allowing firms to weather performance dips. The report contrasts wind’s struggles with solar’s success, where capacity has grown to over 65% of India’s renewable mix by fiscal 2025, up from 50% in 2020.
For Suzlon Energy, as India’s largest wind turbine manufacturer, this report presents a mixed bag. While wind’s variability poses risks—such as lower plant load factors (PLF)—the need for hybrid solutions combining wind, solar, and energy storage offers opportunities. Crisil predicts that future projects will increasingly adopt hybrid models to mitigate intermittency, with wind playing a crucial role during non-solar hours like evenings and monsoons. India’s wind capacity addition is expected to double to 7.1 GW annually by fiscal 2027, from 3.4 GW currently, driven by government targets for 500 GW of non-fossil capacity by 2030.
Suzlon stands to benefit from this trend, leveraging its “Make in India” compliant products and expertise in large-scale turbines. The company’s commitment to powering all manufacturing facilities with 100% renewable energy by 2030 further enhances its sustainability credentials, aligning with global ESG standards.
Axis Securities Perspective: Bullish on Power Sector Stocks Including Suzlon
Axis Securities has provided an optimistic view on power sector stocks, including Suzlon Energy, Waaree Energies, and Premier Energies, amid India’s evolving energy landscape. In a recent report, the brokerage firm notes that cumulative electricity demand from April to June 2025 totaled 446 billion units (BU), slightly down from 452 BU the previous year due to an early monsoon shortening the summer peak. Peak demand reached 243 GW in Q1 FY2026, a 3% YoY decline, with average day-ahead market prices at Rs 4.4 per kWh, 16% lower than last year’s Rs 5.3.
Despite this temporary dip, Axis Securities forecasts robust growth ahead. India’s installed capacity stands at about 490 GW as of July 2025, with targets to reach 610 GW by FY2027 and 900 GW by FY2032. The firm emphasizes that both thermal and renewable sources will see increased contributions, as no single avenue can meet the surging demand. Power consumption is poised to rise rapidly, necessitating investments in wind, solar, and hybrids.
For Suzlon, Axis projects a return on equity (RoE) of 30.01% by FY2027, with EV/EBITDA multiples at 25.68x for FY2026 and 19.45x for FY2027. Comparing to peers like Adani Green (RoE 17.42%) and NTPC Green (8.5%), Suzlon’s metrics suggest stronger profitability potential. The brokerage recommends a “Buy” with a target of Rs 72 over 3-6 months, highlighting revenue CAGR of 70% from FY20 to FY25 and deliveries up 118% YoY to 1,550 MW in FY2025.
Axis also praises sector-wide prospects, noting that utilities in wind and solar will perform well. Companies like Suzlon, with strong execution and orderbooks, are well-positioned to capture market share in India’s push toward energy security and sustainability.
India’s Electricity Demand Trends: Implications for Renewable Energy Giants Like Suzlon
India’s electricity sector is undergoing a transformative phase, with demand projected to grow at 6.3% annually through 2027, according to the International Energy Agency (IEA). In 2025, demand is expected to rise by 4%, moderated by weather patterns but fueled by economic expansion, urbanization, and electrification drives. The national grid’s installed capacity hit 467.885 GW by March 2025, with renewables (including large hydro) contributing significantly.
The IEA highlights India’s efforts to diversify its mix, aiming for 500 GW of non-fossil capacity by 2030. Wind and solar will play pivotal roles, especially as nuclear and hydro expand slower. Peak shortages have plummeted from 4.2% in FY2014 to 0.1% in FY2025, thanks to capacity additions. However, intermittency remains a challenge—solar can’t generate at night, while wind performs better during monsoons.
For Suzlon, this demand surge translates to opportunities in wind installations. The company recently secured orders and committed to 100% renewable-powered facilities by 2030, positioning itself as a leader. Ember’s Global Electricity Review 2025 notes that low-carbon sources supplied 22% of India’s electricity in 2024, with India ranking third globally in demand. As China and India shift toward clean growth, Suzlon’s expertise in wind turbines—especially larger, more efficient models—will be crucial.
Government initiatives like the Production Linked Incentive (PLI) scheme and “Make in India” bolster domestic manufacturers like Suzlon. With exports and domestic projects on the rise, the company eyes tailwinds from policy support and international partnerships.
Challenges Facing the Wind Energy Sector in India and Suzlon’s Response
The wind energy sector grapples with several hurdles, as outlined in Crisil’s report. Underperformance against P90 benchmarks affects profitability, with only 20% of turbines meeting or exceeding expectations. Climate variability, including erratic wind patterns due to global warming, exacerbates this. Additionally, land acquisition delays, grid integration issues, and competition from cheaper solar imports pose risks.
Suzlon counters these through innovation and diversification. The company focuses on hybrid projects that combine wind with solar and storage, reducing reliance on variable winds. Its 3 MW+ turbine series improves efficiency, achieving higher PLFs. Financially, Suzlon’s debt-free status provides flexibility to invest in R&D and capacity expansion.
Recent business updates shared with Antique Stock Broking highlight Suzlon’s shift from land acquisition to pure-play EPC, streamlining operations. The firm also eyes exports to markets like the US and Australia, diversifying revenue streams. Despite a 35% share price drop over 11 months—eroding Rs 40,000 crore in market cap—analysts like Equitymaster see long-term growth from India’s wind capacity scaling.
Suzlon Energy’s Strategic Initiatives: From Debt Elimination to Sustainability Goals
Suzlon has executed a remarkable turnaround, eliminating all debt and posting consistent profits over recent quarters. This financial health enables aggressive growth strategies. In August 2025, Suzlon announced its ambition to power all facilities with 100% renewables by 2030, becoming India’s first energy firm to make such a pledge.
The company’s orderbook, at a record 5.5 GW, includes major deals from C&I and PSUs, ensuring visibility for years ahead. Deliveries doubled YoY in FY2025, showcasing execution prowess. Suzlon also invests in technology, developing advanced turbines suited to India’s wind regimes.
No dividend declaration stems from a focus on reinvestment. Management prioritizes capex for manufacturing upgrades and project pipelines, aiming to capture a larger share of the 7.1 GW annual wind additions projected by Crisil. This approach, while frustrating short-term shareholders, aligns with long-term value creation.
Investment Considerations: Should You Buy, Sell, or Hold Suzlon Shares?
Deciding on Suzlon Energy shares requires balancing risks and rewards. Bullish factors include a strong orderbook, debt-free balance sheet, and sector tailwinds. Analysts from ICICI Securities (target Rs 76) and Axis (Rs 72) see 20-30% upside. However, volatility from market pressures, executive changes, and wind performance risks warrant caution.
Short-term holders might face further dips if global cues weaken. Long-term investors, eyeing India’s renewable targets, could benefit from multibagger potential. Always consult a financial advisor and conduct personal research before investing.
Future Outlook: Suzlon Energy’s Role in India’s Green Energy Revolution
Suzlon Energy stands at the forefront of India’s renewable transition, poised for growth despite current challenges. With electricity demand soaring and hybrids gaining traction, the company’s expertise will drive success. As 2025 unfolds, watch for order executions, new reports, and policy updates. Suzlon’s journey from debt-laden to debt-free exemplifies resilience, offering promising prospects for investors aligned with sustainable energy.